This article is from the Australian Property Journal archive
SINGAPORE’S sovereign wealth fund GIC has snapped up the final 50% stake in a landmark office building in Beijing.
The building is located in the Lize Financial Business District (LFBD), an emerging central business district in Beijing.
Following this acquisition, the building will be wholly owned by GIC.
The A grade 42-storey property is the district’s tallest building.
GIC said this investment reflects its continued confidence in China, and commitment to acquiring quality assets with good long-term earning potential in this market.
